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How to get the federal deficit under control
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General information
Forum:
Politics
Category:
Economics
Miscellaneous
Thread ID:
00880812
Message ID:
00882517
Views:
75
>>OK, so the debt help by the public went down while the overall debt continued to go up. Debt is debt no matter how you spin it. My VISA card debt went down last month by $100 but my MASTERCARD debt went up $125. Geeze don't I feel better now?
>
>I think with that analogy, it may be more applicable to say that although your debt went up a net $25, it had been going up by a much faster amount before. And in that time period, you took in more than you spent for the first time in a long time, and used some of that surplus to pay your debt.

You still can not shift debt to another category or place and say you have paid down the debt. That's the old ponzie [sp?] scheme that they also play with Social Security. I will agree the the publicly held debt was reduced but by dubious means. The intragovernmental debt still has to be paid for as well. This just shows the extent the news media and Clinton revisionists have spun his legacy to at least show he reduced the public debt while conveniently omitting how this was accomplished.
Mark McCasland
Midlothian, TX USA
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